Page 15 - Indian Exports

Kicking the import habit: Can India grab a $200-bn business opportunity

PM Modi's call for a self-reliant India, free of its dependence on imports, means opportunity for the domestic industry. But there are many questions that need to be answered, writes Sai Manish

Covid-19: India lifts export ban on Trump-touted drug hydroxychloroquine

India had eased some of these restrictions in April and shipped 50 million tablets of the drug to the United States that month, Reuters reported

Industry says India has surplus face masks, urges govt to allow exports

With manufacturers ramping up production of face masks since the outbreak of Covid-19, India has turned into a surplus nation choking production lines

Exports likely to improve in May, contraction expected to be 30-35%: Goyal

Addressing the Digital Summit on Exports organised by the Confederation of Indian Industry (CII), Goyal said he expects the fall in exports to narrow to 8-10 per cent in June.

Goyal expects better exports performance in May, contraction to be lower

There was a huge decline in exports in April but "my sense is that in May, it will improve significantly", he said while speaking at CII's Export Summit

Container vessel idling at 1-yr high as Covid-19 pandemic sinks sailing

The highest sailing cancellation since the Covid-19 outbreak was in February, registering a spike of 105 cancellations across Trans-Pacific, Asia-Europe, and the Mediterranean trades.

India's mobile device market entry a worry for China and Vietnam

Three firms- Apple, Samsung, and Huawei - account for 75% of global exports

Export contraction in April could surpass March's steep 25-year decline

Major forex earning sectors cite lack of labour, funds and key supplies

Exports fall at fastest pace in 25 years in March amid Covid-19 outbreak

According to data released by the commerce and industry ministry, exports stood at just $21.4 billion in March, as massive broad-based decline plagued all major foreign exchange earning sectors.

Covid-19 lockdown 2.0: Need govt support to keep units open, say MSMEs

On Tuesday, MSME Minister Nitin Gadkari had stated during a meeting that unpaid dues of MSMEs at the central and the state levels will be released at the earliest.

Govt extends foreign trade policy, other export benefits for one year

Currently, tax benefits are provided under the Merchandise Export from India Scheme for goods and the Services Export from India Scheme).

Exports head towards contraction as orders from US, Europe vanish

With global oil prices dipping to record lows, petro exports to bring less revenue

Exporters have started feeling pinch of coronavirus, says industry body

Federation of Indian Export Organsations (FIEO) said they are expecting that in the coming days significant number of such requests would come which could eventually lead to cancellation of orders

Coronavirus: Exporters seek duty reduction, logistics support from Centre

Meanwhile, Irdai was asked to review existing insurance products to ensure risk cover against loss because of abnormal delay in delivery of shipments

Cabinet may approve scheme for exporters to reimburse levies on Friday

Finance Minister Nirmala Sitharaman had announced about the scheme for remission of duties and taxes on export products (RoDTEP) in her Budget speech on February 1

Port reforms: The next big step

Cabinet clearance of the Major Port Authority Bill, 2020, should breathe new life into government-owned major ports

Apeda blacklists basmati rice brands Mohsen and Avazah over defaults

Agency will not issue requisite certificate clearing exports under these two labels, due to persistent non-payment by Gulf importers for consignments shipped from Indian shores

India's race for higher growth: A local buffalo race holds the lessons

A local buffalo race holds lessons for growth - internal strength may be more important than external support

Coronavirus: FM takes stock of trade issues, sees no impact on prices

The development comes in the wake of issues surrounding imports from and exports to China even as the Coronavirus outbreak grips that country

Importers, exporters to mandatorily declare GSTIN in documents from Feb 15

While importers are paying IGST on imports but not claiming credit for the same. This essentially means that the supply of imported goods to domestic channels is being done without a bill